Maybe it is a blessing that I didn't get in my international accounting class because now I can make sure to give my 4 classes the appropriate time to thoroughly learn everything I need to master the subject.
In chapter one of my text book, we cover the "Environment and Theoretical Structures of Financial Accounting". Basically we review whey we use financial accounting and how it provides information for the use of stakeholders in a company. We discuss the basics like debits and credits, T-accounts, and accrual versus cash basis accounting. Very nice to review for a week the shake off the summer rust. We also learned a little more in depth about GAAP guidelines versus IFRS guidelines and the imminent convergence of the two... Pretty exciting stuff if you are just entering the field of accounting if you ask me.
This class is going to be a lot of work, but I am very excited to learn as much as I can and hopefully master the information in my short 3 and a half month semester...
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